Payroll Calculations Course

Much of the payroll process begins with calculating gross salary — whether hourly, weekly, fortnightly or monthly — and then subtracting deductions and taxes from that amount to determine the final payment that employees receive in their paycheck. These gross wage calculations and subsequent deductions are dependent on several factors in each case, depending on the law and rules.

This course will provide the necessary insights on how payroll calculations are done. Even if software is used to calculate payroll, it is very beneficial for the person entering the numbers to know how these calculations are performed. Some calculations need to be done before it can be entered into the payroll system. A good understanding of employee taxes is vital for payroll administration.

Topics Discussed:

• How to calculate:
  • Pro Rata Salary, Leave and Tax
  • Daily and Hourly Rate
  • Gross Income
  • PAYE, UIF and SDL
  • Subsistence Allowance
  • Medical Aid
  • Retirement Annuities
  • Unpaid Leave
  • Long Service Cash Award
  • Bonus
  • Overtime
  • Commission
  • Arbitration Award
  • Allowances (Travel and Reimbursable Travel)
  • Accommodation
  • Advances and Loan Repayments
  • Expense Reimbursements
  • Uniform Allowance
  • Right of use of an asset
• How to keep an Excel worksheet as proof of how calculations were done
• Reconciling your payroll for the year on Excel
• Asset Acquired at less than OMV
• Leave schedule – according to hours worked
• Low-interest or interest-free debt
• EMP501
• COIDA ROE